Editor’s Note: Federal equity receiverships usually arise at critical points in civil litigation, such as fraud cases, business disputes, or regulatory actions aimed at protecting assets. The court’s first major step is usually to appoint a receiver and issue an order outlining the receiver’s authority from the outset. It’s important to focus on the order right away because it’s what actually shapes how the receivership will get started, not just the fact that a receiver was appointed. Drafting the appointing order should be done before a federal judge selects a […]

Federal equity receiverships can provide a fast, flexible, and practical solution when stakeholders need immediate court-supervised control of assets or operations.

When a federal court appoints a receiver, it initiates a complex process that sits at the intersection of litigation, forensic accounting, and equitable justice.

When a business or individual faces financial turmoil or regulatory scrutiny, a court may appoint a receiver to take control of assets and oversee operations.

Federal equity receiverships are crucial mechanisms for addressing insolvency, fraud, and mismanagement in businesses.

What benefits creditors more? When considering federal court receivership vs. bankruptcy, bankruptcy is often more predictable, but costly.

NAFER (the National Association of Federal Equity Receivers) held another wisdom-rich conference in October, this time at the Drake Hotel in Chicago.  It was the seventh annual event and attracted 200 attendees. The conference included the Training Camp as well as panel discussions on snares and pitfalls for receivers, cryptocurrency, overseas asset recovery and more. We note gratefully that the proceedings were again overseen and moved along by the witty and time-sensitive Robert P. Mosier. Chicago, our kind of town and hometown, provided ample pleasant settings in which fellow practitioners […]

Ponzi Schemes at NAFER 2017 The NAFER 2017 Annual Conference featured a number of different speakers and panels, with the keynote presentation coming from Travis Correll, a convicted Ponzi schemer and master of a $100 million scheme. Also involved were SEC enforcement counsel Marshall Gandy, the federal equity receiver on the case (NAFER’s president, Greg Hays), and the receiver’s counsel David Dantzler. Travis Correll – Tale of a Fraud Mr. Correll traced the development of the fraud: His faith in an exotic investment vehicle. His solicitation of a few hundred thousand […]

The fifth annual NAFER conference featured receivers and federal judges, among others DailyDAC Editorial Staff attended the fifth national conference of the National Association of Federal Equity Receivers (NAFER), held at the historic Mayflower Hotel in our nation’s capital, on October 13-15. The audience at the three day conference was composed largely of receivers, professionals who represent receivers, and federal judges. For newbies, the conference opened with a two-hour session entitled Receiver Training Camp, led by two past presidents of NAFER (Robert Wing and Steve Donell) plus presidents outgoing (Ira Bodenstein) and […]